Reported Earnings • May 16
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ฿0.58 (up from ฿0.47 in 1Q 2025). Revenue: ฿988.3m (up 18% from 1Q 2025). Net income: ฿191.0m (up 22% from 1Q 2025). Profit margin: 19% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 22
Upcoming dividend of ฿1.22 per share Eligible shareholders must have bought the stock before 29 April 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Thai dividend payers (7.4%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 25
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ฿2.03 (up from ฿1.58 in FY 2024). Revenue: ฿3.66b (up 18% from FY 2024). Net income: ฿670.2m (up 29% from FY 2024). Profit margin: 18% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Thailand. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 21
Now 21% undervalued Over the last 90 days, the stock has risen 17% to ฿39.00. The fair value is estimated to be ฿49.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buy Or Sell Opportunity • Jan 30
Now 21% undervalued Over the last 90 days, the stock has risen 1.5% to ฿34.75. The fair value is estimated to be ฿43.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Buy Or Sell Opportunity • Jan 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to ฿34.00. The fair value is estimated to be ฿42.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: ฿0.42 (vs ฿0.33 in 3Q 2024) Third quarter 2025 results: EPS: ฿0.42 (up from ฿0.33 in 3Q 2024). Revenue: ฿849.6m (up 16% from 3Q 2024). Net income: ฿137.2m (up 27% from 3Q 2024). Profit margin: 16% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Thailand. Buy Or Sell Opportunity • Oct 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ฿35.25. The fair value is estimated to be ฿44.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Reported Earnings • Aug 14
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: ฿0.41 (up from ฿0.25 in 2Q 2024). Revenue: ฿819.9m (up 29% from 2Q 2024). Net income: ฿134.4m (up 66% from 2Q 2024). Profit margin: 16% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 4.8%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Thailand. Buy Or Sell Opportunity • Jun 26
Now 22% undervalued Over the last 90 days, the stock has risen 5.9% to ฿40.25. The fair value is estimated to be ฿51.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Buy Or Sell Opportunity • Jun 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to ฿40.75. The fair value is estimated to be ฿51.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 32%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Reported Earnings • May 10
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: ฿0.47 (up from ฿0.38 in 1Q 2024). Revenue: ฿843.2m (up 22% from 1Q 2024). Net income: ฿156.0m (up 24% from 1Q 2024). Profit margin: 19% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.6%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Specialty Retail industry in Thailand. お知らせ • Apr 25
Moshi Moshi Retail Corporation Public Company Limited Announces Annual Dividend for Period Ended 31 December 2024, Payable on May 23, 2025 Moshi Moshi Retail Corporation Public Company Limited at its AGM held on April 24, 2025 approved dividends for operating results ended 31 December 2024, shall be paid to the shareholders at a rate of THB 0.80 per share, amounting to THB 263,999,963.20. The Record Date for determining the shareholders eligible for dividend was set on 2 May 2025. The payment cash dividends shall be made on 23 May 2025. Upcoming Dividend • Apr 23
Upcoming dividend of ฿0.80 per share Eligible shareholders must have bought the stock before 30 April 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Thai dividend payers (8.1%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ฿43.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Specialty Retail industry in Thailand. Total loss to shareholders of 17% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ฿47.43 per share. Buy Or Sell Opportunity • Apr 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to ฿37.00. The fair value is estimated to be ฿47.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Price Target Changed • Apr 09
Price target decreased by 7.1% to ฿52.67 Down from ฿56.67, the current price target is an average from 6 analysts. New target price is 45% above last closing price of ฿36.25. Stock is down 34% over the past year. The company is forecast to post earnings per share of ฿1.86 for next year compared to ฿1.58 last year. Reported Earnings • Feb 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: ฿1.58 (up from ฿1.22 in FY 2023). Revenue: ฿3.13b (up 24% from FY 2023). Net income: ฿520.7m (up 30% from FY 2023). Profit margin: 17% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. お知らせ • Feb 25
Moshi Moshi Retail Corporation Public Company Limited Proposes Cash Distribution for the Operating Period from January 1, 2024 to December 31, 2024, Payable on 23 May, 2025 Moshi Moshi Retail Corporation Public Company Limited announced that board of directors meeting resolved to propose the 2025 Annual General Meeting of Shareholders to consider and approve the allocation of profits from the 2024 operating results as cash dividend which will be paid at the rate of THB 0.80 per share totaling THB 263,999,963.20 for the Operating period from January 1, 2024 to December 31, 2024. The record date for specifying the list of shareholders who are entitled to receive all dividend on 2 May,2025 and the dividend payment date will be made on 23 May,2025 however the right to receive annual dividend is undecided until approval by the 2025 Annual General Meeting of Shareholders. お知らせ • Feb 24
Moshi Moshi Retail Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025 Moshi Moshi Retail Corporation Public Company Limited, Annual General Meeting, Apr 24, 2025, at 14:00 SE Asia Standard Time. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2024 results: EPS: ฿0.33 (up from ฿0.25 in 3Q 2023). Revenue: ฿739.7m (up 26% from 3Q 2023). Net income: ฿108.1m (up 33% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Thailand. Buy Or Sell Opportunity • Nov 04
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to ฿46.50. The fair value is estimated to be ฿37.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last year. Earnings per share has grown by 12%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Price Target Changed • Aug 30
Price target decreased by 8.6% to ฿59.75 Down from ฿65.35, the current price target is an average from 4 analysts. New target price is 55% above last closing price of ฿38.50. Stock is down 33% over the past year. The company is forecast to post earnings per share of ฿1.47 for next year compared to ฿1.22 last year. Reported Earnings • Aug 10
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: ฿0.25 (down from ฿0.25 in 2Q 2023). Revenue: ฿641.0m (up 8.2% from 2Q 2023). Net income: ฿81.2m (down 1.9% from 2Q 2023). Profit margin: 13% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in Thailand. Reported Earnings • May 14
First quarter 2024 earnings released: EPS: ฿0.38 (vs ฿0.26 in 1Q 2023) First quarter 2024 results: EPS: ฿0.38 (up from ฿0.26 in 1Q 2023). Revenue: ฿695.8m (up 24% from 1Q 2023). Net income: ฿125.4m (up 46% from 1Q 2023). Profit margin: 18% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Thailand. お知らせ • Apr 27
Moshi Moshi Retail Corporation Public Company Limited Approves Dividend for Operating Results Ended December 31, 2023, Payable on 24 May 2024 Moshi Moshi Retail Corporation Public Company Limited at its AGM held on April 25, 2024, approved that Dividends for operating results ended December 31, 2023,shall be paid to the shareholders at a rate of THB 0.60 per share, amounting to THB 197,999,972.40. The Record Date for determining the shareholders eligible for dividend was set on 3 May 2024. The paymentof stock and cash dividends shall be made on 24 May 2024. Upcoming Dividend • Apr 25
Upcoming dividend of ฿0.60 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Thai dividend payers (6.0%). Lower than average of industry peers (2.8%). Declared Dividend • Feb 24
Dividend increased to ฿0.60 Dividend of ฿0.60 is 500% higher than last year. Ex-date: 2nd May 2024 Payment date: 24th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.5%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 5%. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: ฿1.22 (vs ฿0.95 in FY 2022) Full year 2023 results: EPS: ฿1.22 (up from ฿0.95 in FY 2022). Revenue: ฿2.54b (up 35% from FY 2022). Net income: ฿401.5m (up 59% from FY 2022). Profit margin: 16% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Specialty Retail industry in Thailand. Buy Or Sell Opportunity • Jan 23
Now 21% undervalued Over the last 90 days, the stock has risen 2.0% to ฿51.00. The fair value is estimated to be ฿64.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 257%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Buying Opportunity • Jan 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be ฿64.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 257%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 69% in the next 2 years. Reported Earnings • Nov 14
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: ฿0.25 (up from ฿0.18 in 3Q 2022). Revenue: ฿588.7m (up 28% from 3Q 2022). Net income: ฿81.4m (up 73% from 3Q 2022). Profit margin: 14% (up from 10% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Thailand. お知らせ • Nov 11
Moshi Moshi Retail Corporation Public Company Limited Appoints Miss Chatcharee Chaloemsup as Company Secretary Moshi Moshi Retail Corporation Public Company Limited informed the resolution of the Company's Board of Directors Meeting No. 8/2023 held on November 10, 2023 on the appointment of Miss Chatcharee Chaloemsup as the Company Secretary, which will be effective from November 10, 2023 onwards. お知らせ • Sep 20
Moshi Moshi Retail Corporation Public Company Limited Announces Resignation of Saowanee Radthai as Accounting & Finance Assistant Vice Moshi Moshi Retail Corporation Public Company Limited announced resignation of Saowanee Radthai as Accounting & Finance Assistant Vice. Effective Date of Termination: September 15, 2023. お知らせ • Aug 02
Moshi Moshi Retail Corporation Public Company Limited Announces the Resignation of Yuphaphan Phuanghuaphet as Company Secretary Moshi Moshi Retail Corporation Public Company Limited informed that Miss Yuphaphan Phuanghuaphet has resigned from the position of the Company Secretary, effective from 15 July 2023 onward. New Risk • Jul 14
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change).